dated 08.11.2013 had opined that the value of the goods is ₹ 5,04,561/-. The Department initiated show cause proceedings against the appellant on the ground that the goods covered under the shipping bill dated 20.01.2012 are highly overvalued. .....

signment as ₹ 5,04,565/- under Rule 5 of the said Rules; goods were confiscated under Section 113 (d) of the Customs Act, 1962 and redemption fine of ₹ 1,00,000/- was imposed in terms of Section 125 (i) of the said Act. Besides penalties .....

ugned order dated 07.10.2015, upholding the adjudication order. Hence, the present appeal before the Tribunal. 2. The ld. Advocate appearing for the appellant submits that high speed steel tapes are specialized items and its export price cannot be eq .....